JAPAN SMALLER CAPITALIZATION FUND INC

Japan Smaller Capitalization Fund's Board of Directors has approved a tender offer to purchase up to 10% of its issued and outstanding shares at 98% of the net asset value per share. The Tender Offer is expected to commence on June 1, 2026, and expire on July 1, 2026. Additionally, the Board approved re-leveling the Fund's monthly distribution rate to 10% of the market price, resulting in a 9% yield to NAV. This leads to a monthly distribution of $0.0956 per common share, an increase of approximately 8% from the current $0.0887.

Japan Smaller Capitalization Fund, Inc. announced its Board of Directors approved a cash tender offer to repurchase up to 10% of its outstanding shares. This action follows the satisfaction of conditions for its Conditional Tender Offer, as the Fund's average trading discount exceeded 9% during the July 2025 to March 2026 period, reaching 10.5%. The Fund expects to announce additional details regarding the tender offer, including the commencement date, after a Board meeting in late May 2026.